BitcoinUpdated Bitcoin enters the "no-trade zone"
Wow! Huge gains in this market. Now we have entered the range between the 0.382 and 0.618 measured from 20k to the bottom near 3k. This is a "no-trade zone" where price is too neutral to make any significant bets. Above the zone I am bullish, but while we are in the zone and below the zone I am bearish.
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Comparable previous market structure:Note
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